Ashapura targets INR 100 billion bauxite revenue opportunity as Guinea volumes rise
Ashapura Minechem is preparing for its next phase of growth by expanding its Guinea bauxite operations while shifting its Indian business towards higher-value mineral products. The company is targeting 15 million tonnes of annual bauxite volumes by FY28, a level management believes could generate...
Alcoa prices $2.6b senior notes for South32 bauxite, alumina and aluminium deal
Alcoa Corporation has set the price for a USD 2.6 billion senior notes offering to help finance the cash consideration for its proposed acquisition of South32’s bauxite, alumina, and aluminium assets . Along with the cash on hand, this debt is expected to provide permanent funding for the...
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Cape Alumina achieves 28Mt maiden JORC Inferred Resource for Bauxite Hills
Cape Alumina’s (ASX: CBX) exploration results have unveiled a maiden JORC Inferred Resource of 28.3 Million tonnes of in-situ, high-quality, export-grade bauxite at its Bauxite Hills’ BH1 area. This represents a major milestone for the Bauxite Hills mine and port project as Cape Alumina continues...
Update - Bauxite mining proposal in AP shelved, says Minister
The proposal to allow bauxite mining in the eastern ghats of Visakhapatnam district has been shelved for good and there need not be any apprehensions on the count, asserted Mr Kishore Chandra Deo, Union Minister for Tribal Welfare, here on Sunday. He made the assertion at a press meet here on...
Centre to give green signal for bauxite mining?
Tribal people and non-government organisations in the district are apprehensive that the bauxite mining project will be cleared by the environment and forests without a proper study on the impact in Anantagiri and Araku mandals in the Agency areas of Visakhapatnam district.Tribal Cultural Research...
United Company RUSAL : USAL senior management team officially visits the Republic of Sierra Leone
UC RUSAL,the world's largest aluminium producer, is pleased to report on its senior management teams' recent official visit to the Republic of Sierra Leone, to explore new business development opportunities within the country. During the visit, the delegation discussed the possibility of the...
Canadian company to mine bauxite in Guyana
A Canadian company has signed an agreement with Guyana to mine bauxite in a western region of the country. Prime Minister Samuel Hinds says the First Bauxite Corporation of Vancouver expects to mine more than 12 million tons (11 million metric tons) of refractory bauxite in unexplored deposits in...
Maaden signs SR3.75bn financing deal as aluminum project gathers pace
The Saudi Arabian Mining Company (Maaden) announced Sunday that its subsidiary, Maaden Bauxite and Alumina Company, has signed a $1 billion (SR3.75 billion) financing agreement with the Public Investment Fund (PIF) for the second phase of its aluminum project. The second phase, which includes a...
Cape Alumina in pre-open pending resource statement and capital raising details
Cape Alumina (ASX: CBX) has been granted a trading halt by the ASX pending the release of a proposed capital raising and the finalisation of a resource statement, with the company's shares placed in pre-open. Cape Alumina has not yet indicated where the funding injection will be allocated or the...
Intercept Minerals, Rio Tinto agree to farm-in terms for Tiwi Islands bauxite project
Intercept Minerals (ASX: IZM) has agreed the principal terms for a farm-in agreement with Rio Tinto (ASX: RIO) over Intercept’s Tiwi Islands bauxite project. Intercept has an exploration licence covering 1,431 square kilometres of land under application in northeast region of Melville Island,...
Growth in Economy - Mining On the Move
Mining and quarrying saw the most growth of all sectors in the economy during the July to September quarter of 2011, with an increase of 7.5 per cent. This growth contributed to the economy growing by 0.5 per cent for the quarter under review. It is also projected that the economy will grow by...
PPP/C campaigners continue to plug jobs for Lindeners
The promise for jobs continues to be made at the PPP/C rallies and meetings in Linden and according to Campaign Manager for Linden, Andrew Forsythe,in the next five years the PPP/C can assure residents of over a thousand jobs in various sectors. He said that there will be major expansion in the...
Australia's mining tax bill excludes bauxite: aluminum council
Australia's planned mining tax, passed by the lower house of parliament in the early hours of Wednesday, will not apply to bauxite, although authorities had earlier intended to include the aluminum ore, Australian Aluminium Council spokesman Miles Prosser said Wednesday. Having passed the lower...
First Bauxite Corporation Files NI 43-101 Technical Report-Bankable Feasibility Study Update for the Bonasika Project
First Bauxite Corporation is pleased to announce that the NI 43-101 Technical Report - Bankable Feasibility Study Update for its Bauxite Project in Guyana, South America, prepared by the independent engineering firm, Met-Chem Canada Inc., has been filed on SEDAR at www.sedar.com and can also be...
Nalco may partner GMDC for Rs 15,000-cr project
National Aluminium Company (Nalco), the Orissa-headquartered and central government-owned company, has turned out to be the sole final bidder for Gujarat Mineral Development Corporation’s (GMDC) Rs 15,000-crore aluminium project in Kutch,Gujarat. V S Gadhvi, managing director of GMDC, which is...
Bauxite MOUs in Andhra pradesh
Yet another instance in which the state government gets a pittance while the private promoters a lion's share of the revenue has come to light. The YSR government had entered into two separate memorandums of understanding (MoUs) in 2007 with the government of Ras al Khaimah (an emirate forming part...
Vedanta mining and refinery clearance
MoEF(India's Ministry of External Affairs) has rejected the forest clearance for Niyamgiri Mining lease of Orissa Mining Corporation (OMC) which is one of the sources of supply of Bauxite to the alumina refinery of Vedanta Aluminium (VAL), an associate of the Company. OMC has filed a petition in...
Minmetals eyes Bauxite Alumina deals
Bloomberg reported that Minmetals Resources Limited, backed by China's biggest metals trader, is transforming companies from Mirabela Nickel Limited to Alumina Limited into takeover targets as it eyes a total of USD 7 billion of deals including bauxite and alumina deals. Mirabela, which controls...
Bauxite Reserves More than 0.7 Billion Tons in Guangxi
Xiao Jiangang, the director of Department of Land and Resources of Guangxi figured out there were more than 0.7 billion tons of proven bauxite in Guangxi.With other regions still in the process of being investigated,the reserves will reach over 1 billion tons. It is learned that bauxite in Guangxi...
Aziana advances exploration at bauxite project in Madagascar
Recently listed Aziana is making solid progress at the Manantenina Bauxite Project in Madagascar where seven teams are undergoing exploration, just four months since commencing its IPO. Early work from the Manantenina Bauxite Project, which includes over 3,000 samples from 459 test pits, has...
